At Community Association Management, we understand the importance of planning and budgeting for future HOA maintenance and replacement costs. That’s why we’ve developed our Living Reserve Study, a dynamic and ongoing process that provides up-to-date information on your HOA reserve planning and replacement needs.
What is a Living Reserve Study?
A Living Reserve Study is a comprehensive and ongoing analysis of an HOA’s common area components, including roofs, roads, pools, and clubhouses. Unlike traditional community association reserve studies, which are snapshots in time, a Living Reserve Study uses real-time data and dynamic forecasting models to provide a more accurate picture of your HOA’s financial needs.
Our Living Reserve Study includes a web-based portal that provides you with real-time data on your component inventory, useful life estimates, and financial forecasts, allowing you to make informed decisions about your maintenance and replacement needs and to plan and budget more effectively.
Why Choose Our Living Reserve Study for Your HOA Reserve Planning?
Real-time data
Our Living Reserve Study provides you with real-time data on your component inventory, useful life estimates, and financial forecasts, allowing you to make informed decisions about your maintenance and replacement needs.
Increased accuracy
Our Living Reserve Study provides a more accurate picture of your HOA’s financial needs by using real-time data and dynamic forecasting models.
More frequent updates
Unlike traditional community association reserve studies that may be updated every few years, our Living Reserve Study can be updated on an ongoing basis, providing you with the most up-to-date information on your maintenance and replacement needs.
Improved decision-making
By providing real-time data and more frequent updates, our Living Reserve Study allows you to make informed decisions about your maintenance and replacement needs and to plan and budget more effectively.
Enhanced transparency
Our Living Reserve Study provides greater transparency into the financial health of your community, helping to build trust and support for future investments.
Reduced risks
By providing real-time data and more frequent updates, our Living Reserve Study helps you identify potential risks and liabilities before they become major problems, reducing the likelihood of unexpected expenses and financial strain.
Professional Community Association Reserve Studies You Can Trust
At Community Association Management, we believe that a Living Reserve Study is the best option for HOAs looking to stay ahead of their maintenance and replacement needs. Our approach to HOA reserve planning provides real-time data, increased accuracy, more frequent updates, improved decision-making capabilities, enhanced transparency, and reduced risks, allowing you to plan and budget more effectively and ensure that your community is well-maintained and financially stable.
Contact us today to learn more about our Living Reserve Study and how it can benefit your HOA reserve planning strategy.